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Listed by Better Homes And Gardens Real Estate Bloomtree Realty
$ 1,600,000
Est. payment /mo
Pending
1005 Division ST Prescott, AZ 86301
0.42 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Office
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 1082293
Year Built 2000
Annual Tax Amount $6,559
Tax Year 2025
Lot Size 0.420 Acres
Acres 0.42
Property Sub-Type Office
Source paar
Property Description
Single-Tenant NNN Investment Opportunity offered at $1,600,000 with an attractive going-in cap rate of 6.0%. This 4,331sf freestanding, single-story medical office building has recently undergone renovations to both the interior lobby and exterior facade, presenting a well-maintained and attractive investment opportunity. Originally constructed in 2000, the property has been owned and occupied by Women's Medical Care for more than 20 years. The current lease term includes over four years remaining with annual 3.0% rental increases, along with multiple five-year renewal options featuring annual CPI-based rent adjustments. The property is ideally located adjacent to Yavapai Regional Medical Center West Campus within the heart of Prescott's established medical office corridor. Situated on approximately +/-0.42 acres of Business General zoned land, the property offers excellent accessibility and long-term medical office positioning. The functional medical office floor plan includes nine exam rooms with sinks, three provider offices, a practice manager's office, nurse's station, laboratory, spacious waiting room, multiple storage areas, two staff restrooms, two patient restrooms, and a kitchen/breakroom (see attached floor plan). The site provides 26 on-site parking spaces in addition to ample street parking. The property also benefits from monument signage with visibility along Division Street
Location
State AZ
County Yavapai
Zoning Business General
Interior
Interior Features Fire/Smoke Detector, Security/Alarm
Heating Natural Gas
Cooling Gas
Flooring Carpet, Laminate
Exterior
Exterior Feature Handicap Access
Utilities Available Electricity Available, Natural Gas Available, Phone Available, Underground Utilities, WWT - City Sewer
Roof Type Asphalt,Metal
Total Parking Spaces 26
Building
Story 1
Structure Type Frame,Stucco
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Nearby Locations